Dubai – Mubasher: SWEID & SWEID announced that it has reported strong foreign sales inquiries regarding the first residential project from the Banyan Tree brand in the Middle East and at the intersection of Emirates Hills.
There is an increasing number of potential investors from South East Asia, as GCC investments in the project rose to 35%, the Dubai-based property development business said in a statement.
“Dubai’s prime residential property is considered a value proposition for investors, offering premium space for competitive price per square foot, when compared with other global cities,” the statement said.
Singaporean investments in the project reached 20%, and ranked the second regarding foreign sales leads, while the UK’s investments recorded 35%.
“Dubai remains a hotspot for the wealthy, attracting high net worth individuals (HNWIs) from different countries who make the emirate their second home,” the statement highlighted.
Banyan Tree Residences, the joint-venture between SWEID & SWEID and the high-end luxury brand, is expected to be completed in the third quarter of 2019, the real estate firm set up by Maher Sweid noted.
The urban oasis, containing 10,000 plants and trees, will offer the rejuvenation and relaxation of a spa, with gardens and pools – an ideal place for residents to find peace of mind, body and soul.
